Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

A and B are in partnership sharing profits and losses equally. The partnership deed also allows interest on capital at the rate of 5% per annum. B is entitled to a partnership salary of 300 per annum. If A contributes 2000 and B ,800, and if the net trading profit before the adjustment mentioned above, is 850, show the profit and loss Appropriation Account. Show also the Balance Sheet entries to reflect these​